Britons resumed borrowing and started saving less last month as the lifting of social restrictions prompted consumers to reach for their wallets. For the first time since August last year, consumers borrowed more than they paid off in May, with unsecured lending rising by a net £280million from April, the latest figures by the Bank … Read more
Has the Barclaycard credit limit cut climbdown begun? Customer who was set to see spending power slashed by 87% gets his old limit back after appeal Thousands of customers are due to have credit limits slashed from May 65-year-old Mark Gough was supposed to have his cut from £14,600 to £1,850 However, after appealing the … Read more
Some overseas travel appears to be back on the table from next week, with countries including Iceland, Israel and Portugal among those looking likely to be open for quarantine-free trips abroad. And although many Britons may have saved on foreign holidays last year and have more money aside for a luxury getaway, the cost of … Read more
Thousands of hard-up Britons could benefit from biggest changes to Debt Relief Orders in years… but they still face a £90 upfront fee DROs are aimed at those who struggle to pay any interest-bearing debts They last for a year and protect borrowers from any enforcement action However, the eligibility requirements have not been changed … Read more
American Express may have caught the eye of shoppers and takeaway fans this week after announcing one of its credit cards is now offering a tasty cashback deal. Amex will dish out holders of its Preferred Rewards Gold credit card £10 every month when ordering from Deliveroo. Cardholders will be able to receive up to … Read more
American Express may have caught the eye of shoppers and takeaway fans this week after announcing one of its credit cards is now offering a tasty cashback deal. Amex will dish out holders of its Preferred Rewards Gold credit card £10 every month when ordering from Deliveroo. Cardholders will be able to receive up to … Read more
American Express cuts cashback on its market-leading credit cards in half from this week: Should customers head elsewhere? Amex offers fee-free and £25-a-year cashback credit cards paying up to 1.25% The payouts will be cut back depending on how much is being spent Those who spend between £5,000 and £10,000 on the free card are … Read more
Britons with mounting debts will be able to ask for them to be put on hold for two months after proposals two years in the making came into effect today. The so-called ‘Breathing Space’ scheme, announced in 2019 after a five-year campaign from debt charities, will allow debtors to apply for a break from any … Read more
Those looking to borrow to fund home improvements might not be able to take advantage of an interest-free advance from Conservative Party HQ, but they can benefit from a recent fall in loan rates. Despite the ongoing pandemic, banks and other lenders have cut borrowing rates since January, with lower-value of loans of between £5,000 … Read more
Barclaycard customers who have had their credit limits cut by as much as 95 per cent have faced yet more confusion, after wrongly being told new limits were based on their average balances over the last two years. Several customers, many of whom have had perfect payment histories, told This is Money they were informed … Read more